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Recession Briefing 3.2
Amid continuing losses, AIG will receive an additional $30 billion in aid from
the U.S. (Washington Post)
Warren Buffett says the economy will be “in shambles” through 2009. (Bloomberg)
Caught in an “avalanche of job losses,” California now has a 10% unemployment rate. (Los Angeles Times)
Is the U.S. response to the financial crisis strong enough? (Christian Science Monitor)
A look at workers who have been driven from executive offices to meager hourly wages. (New York Times)
Many private colleges cutting budgets to preserve their endowments; meanwhile, more top high school students this year. (BusinessWeek, New York Times)
Sleeplessness is on the rise as a result of the poor economy.
(USA Today)
Even if you’re scrimping and saving, Ruth Mantell suggests some expenses that you should keep on the books. (Wall Street Journal)
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